Funding you earn now, next payment 04:00 UTC+0.2394%/8h= +262.1% APRnext payment +$11.97 per $10,000 · paid last 24h +0.350%
Price spread now: Bybit against KuCoin+0.199%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,397as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,380as in the Price arb table
costs, in and out, $10k−$1,40114.014% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 7 days−0.287%−$29 · spread now +0.199%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$72 a day on $10k at the current rate, and Bybit is 0.211% dearer against KuCoin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HEIUSDTM | 0.1555 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $908K | $387K | 10x |
| Short | Bybit HEIUSDT | 0.1559 | 0.2494 | get 0.1247% / 4h | 3h 40m | $1.4M | $671K | 5x |
KuCoin HEIUSDTM
Bybit HEIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $502.71
- Price spread: +0.199% → −0.012%
- $21.13
- Slippage, 4 orders
- −$1,378.44
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$877.6
- Costs to cover
- 14.014%
- Break-even
- 19.2 days
Slippage from KuCoin: live order book, 14 min ago; Bybit: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 14 min ago | 4.82 bp | 693.2 bp −$693 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.28 bp | 150.8 bp −$151 | doesn't fit | doesn't fit | doesn't fit |
HEI on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HEIUSDTMlong | +0.0100% | 4h | 0.1555 | long leg | $908K | $387K | 10x | |
| Variational Omni HEI | +0.0100% | 4h | 0.1558 | +0.190% | $14K | $519 | — | as long as short |
| edgeX HEIUSDC | +0.0203% | 4h | 0.1559 | +0.223% | $14K | $254K | 10x | as long as short |
| MEXC HEI_USDT | +0.0218% | 4h | 0.1559 | +0.225% | $1.9M | $407K | 20x | as long as short |
| Binance HEIUSDT | +0.0220% | 4h | 0.1559 | +0.226% | $3.6M | $7.1M | 10x | as long as short |
| Aster HEIUSDT | +0.0355% | 4h | 0.1558 | +0.189% | $21K | $53K | 5x | as long as short |
| Gate HEI_USDT | +0.0854% | 4h | 0.1560 | +0.309% | $294K | $440K | 10x | as long as short |
| BingX HEI-USDT | +0.2332% | 4h | 0.1559 | +0.212% | — | $1.3M | — | as long as short |
| Bybit HEIUSDTshort | +0.2494% | 4h | 0.1559 | +0.199% | $1.4M | $671K | 5x |
Variational Omni HEI
edgeX HEIUSDC
MEXC HEI_USDT
Binance HEIUSDT
Aster HEIUSDT
Gate HEI_USDT
BingX HEI-USDT